KCAP Financial, Inc. Announces Pricing of a $468 Million CLO Fund to be Managed by Trimaran Advisors, L.L.C.

April 02, 2014 20:00 ET | Source:KCAP Financial, Inc.

NEW YORK, April 2, 2014 (GLOBE NEWSWIRE) -- KCAP Financial, Inc. (Nasdaq:KCAP) (NYSE:KAP) announced that its wholly owned portfolio company, Trimaran Advisors, L.L.C., has priced Catamaran CLO 2014-1 Ltd., a $468 million Collateralized Loan Obligation ("CLO") fund. Trimaran will serve as the investment manager for the CLO and KCAP Financial will invest approximately $12.5 million across certain junior tranches of notes issued by the fund. This is the third CLO fund Trimaran has brought to the market since its acquisition by KCAP Financial in February of 2012.

This press release contains certain forward-looking statements. Words such as "believes," "intends," "expects," "projects," "anticipates," and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements, and these factors are identified from time to time in the Company's filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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